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Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported third-quarter results. Net sales rose 19% year-over-year to $2.074 billion, beating the consensus of $1.977 billion.
The stock is down 8.1% as of 3 p.m. ET. Yet, the earnings had a very important piece of good news for stocks building out AI infrastructure. ... Marvell (MRVL), and Vertiv (VRT) Are Jumping Today ...
Through a merger with a Goldman Sachs-led special purpose acquisition company, GS Acquisition Holdings, Vertiv became publicly traded on the New York Stock Exchange (NYSE: VRT) on February 10, 2020. [ 16 ] [ 17 ] In 2021, Vertiv acquired E+I Engineering, a global provider of switchgear, busway and modular power solutions, for $1.8 billion. [ 18 ]
Vertiv Holdings Co (NYSE:VRT) shares are trading lower after the company reported fourth-quarter results. Net sales rose 26% year-over-year to $2.346 billion, beating the consensus of $2.151 billion.
Stock name Symbol Country of origin V.F. Corporation: VFC: United States: V2X, Inc. VVX: United States Vaalco Energy, Inc. EGY: United States Vail Resorts, Inc.
*Stock prices used were the afternoon prices of Oct. 24, 2024. The video was published on Oct. 25, 2024. Should you invest $1,000 in Vertiv right now? Before you buy stock in Vertiv, consider this:
Right now, Vertiv trades at a forward price-to-earnings (P/E) ratio of 30. That's a bit higher than the average P/E of the S&P 500 (SNPINDEX: ^GSPC) , which is about 24.
Vertiv management told investors not to expect recent growth rates to persist.